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US indices trade lower as trade war re-ignites

  • Regular
  • US Market
  • 6 months ago
  • 100

U.S. stocks finished lower Monday even in the wake of a dramatic comeback following Donald Trump’s announcement to increase tariffs on $200 billion of Chinese goods, raising fresh fears about a market-disruptive clash between the world’s largest economies.

The Dow and the broader market briefly dipped below apparent technical support at the 50-day moving average before bouncing back.

The DJIA slid 66.47 points, or 0.3%, to 26,438.48 after being down almost 500 points earlier in the session.

Meanwhile the S&P 500 index declined 13.17 points, or 0.5%, to 2,932.47.

To round things up, the Nasdaq Composite Index closed the session on  40.71 points, down by 0.5%, to 8,123.29, after touching a Monday low near the open at 7,981.85.

 

 

Source: Smart Trend Team